While many investors were able to make wild profits, I think its unfortunate as we (all US citizens) are  paying for it and not all of the funds are going to improve local conditions.I think there is a good chance your house does better as a long term rental - you eliminate WAPA and internet overhead.  

Citizen living abroad and I just purchased a property in Baltimore, MD with existing tenants. 

But I am struggling hard to find the relevant information.Can vets help me please.First of all I would like to know if my assumtions are correct about spanish Real estate.Real estate market has crashed in Spain and properties are now 60% below the market value Peak.Mortagages are available upto 100% to non residents.Want to make sure if Dubai based Indian citizens are eligible.I have excellent credit history and very good track record.I am self employed.I am not able to relate by looking at spanish property portals what is the rental yield?

Either are fine, however, please know that you must be an American Citizen to be part of an S Corp.

Interesting question, I always wondered if it was harder for non-US Citizens to purchase/manage real estate here in the states.

When your insurance company drops you, goes belly-up or leaves the state, you may have to go with state-backed Citizens Insurance, "the insurer of last resort," which provides terrible coverage.

You do need to be a US citizen however based on my reading of the recent law change. 

One follow up question: I am not a US citizen nor a veteran, can I still benefit from a VA loan?

Thank you, You could try Citizens Bank.

You'll most likely want to obtain an ITIN (Individual Tax Identification Number) similar to a US citizen's Social Security Number.